PRZOOM - /newswire/ -
Zurich, Switzerland, 2020/06/23 - Milestone win secured following acquisition of majority stake in leading Chinese electric vehicle charging solution provider, Shanghai Chargedot New Energy Technology Co., Ltd - ABB.com. ABBN: SIX Swiss Ex
ABB, through Chargedot, has just won a major order from GAC Toyota Motor in China worth approx. RMB 40 million (US$ 5 million).
GAC Toyota is the Guangzhou-based joint venture between GAC Group and Toyota. With plans to expand production of electric vehicles to 400,000 a year, the company has called upon ABB to supply several thousand electric vehicle chargers over the next year.
One of China’s fastest growing automotive companies, GAC Toyota selected ABB as a main technology provider for the provision of a 7 kW AC wallbox charger, which will be specifically tailored for GAC Toyota’s needs, including the addition of IOT Connectivity.
The chargers will be distributed via the GAC Toyota national dealer network to their customers for any home charging needs.
Frank Muehlon, Head of ABB’s global business for E-mobility Infrastructure Solutions, comments: “With their highly advanced domestic EV charging sector China represents a key e-mobility market for ABB and we are delighted to be supporting GAC Toyota in achieving their e-mobility strategy.”
Andy Cao, General Manager of Chargedot Shanghai New Energy Technology Co., Ltd., adds: “The combination of Chargedot’s local knowledge and expertise combined with ABB’s advanced management experience, leading product technology and strong market influence meant that we were able to meet all of GAC Toyota’s needs and we look forward to working closely with them over the course of the next year.”
China already boasts the largest fleet of electric vehicles worldwide at more than 2 million, with predictions that EVs will account for 70% of all vehicle sales in China by 20301.
ABB is well placed to support this ongoing e-mobility transition, with unrivalled expertise in developing sustainable transport solutions. Since entering the EV-charging market a decade ago, ABB has sold more than 14,000 ABB DC fast chargers across more than 80 countries. ABB recently received the Global E-mobility Leader 2019 award for its role in supporting the international adoption of sustainable transport solutions.
ABB (abb.com) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four, customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 144,000 employees.